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Robert Allen Stanford (born March 24, 1950) is a convicted financial fraudster, former financier, and sponsor of professional sports. He was convicted of fraud in 2012, having operated an eight billion dollar Ponzi scheme , [ 1 ] [ 2 ] [ 3 ] and is now serving a 110-year federal prison sentence.
A federal judge ordered an end to the U.S. Securities and Exchange Commission's 16-year-old lawsuit over Allen Stanford's $7.2 billion Ponzi scheme, directing the financier and two former ...
R. Allen Stanford, the billionaire investor whose firm has been under investigation for allegedly defrauding clients, was indicted by a Houston grand jury and taken into custody Thursday night ...
The Securities and Exchange Commission was aware beginning in 1997 that R. Allen Stanford was probably operating a Ponzi scheme -- but took eight years to do anything about it because "complex ...
Allen Stanford traced his company to the insurance company founded in 1932 in Mexia, Texas, by his grandfather, Lodis B. Stanford. [6] [7] However, there was no direct connection between the insurance company and Allen Stanford's banking business, which he started on the British Overseas Territory of Montserrat in the West Indies in the 1980s. [8]
And for Stanford, it was a long, rocky slide from billionaire financier Sir Allen Stanford, to just Allen Stanford, and, finally, to inmate No. 35017-183. Hard times There were signs early in ...
On June 21, 2012, she pleaded guilty to obstructing a U.S. Securities and Exchange Commission investigation into Stanford International Bank (SIB), the Antiguan offshore bank owned by Robert Allen Stanford. [6] On September 13, 2012, Holt was sentenced to three years in prison, followed by three years of supervised probation. [7]
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